NEW YORK and MONTREAL, May 4 /CNW Telbec/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that
its Shadow Mountain property in South Western Quebec in a highly
favourable VMS (Volcanogenic Massive Sulphide) type mineral deposit,
representing over 7200 acres, has received positive results from AGAT
Laboratories assay office for Gold, Silver, Copper ,Nickel and Rare
Canwealth Minerals Corporation is a gold and precious metal mining
company has registered claims with the Minister of Natural Resources in
While the preliminary samples are from the surface, this has confirmed
that core drilling is indicated as the next step to deep exploration of
The company is expected to start exploration drilling this coming
spring. The main thrust of the exploration will be to focus on sites
that have a strong indication of precious metal mineralization such as
Gold, Silver and Platinum.
The company is expecting the new site to be accessed this coming spring
with initial geological reports expected by the fall.
The company's current strategic direction is to seek out properties or
claims known to have highly favourable mineralized targets which will
lead rapidly to the advanced exploration and development stages.
ICBS will be providing management and project funding.
Legal Notice Regarding Forward-Looking Statements: Safe Harbour: This
press release contains forward-looking information within the meaning
of section 27A of the Securities Act of 1933 and section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbour
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties. Such
forward-looking statements by definition involve risks, uncertainties
and other factors, which may cause the actual results, performance or
achievements of ICBS Limited, to be materially different from the
statements made herein.
SOURCE Canwealth Minerals Corporation
For further information:
SOURCE: Canwealth Minerals Corporation ,CBS Limited.
CONTACT: Kelly Taylor, President & CEO